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Assignment 1 1) Sydney shelter bridge 5:30am-6:30am (2.5-3)/3=-16.67% (2232-2208)/2208=1.09% E=/=0.06 inelastic 6:30am-9:30am (4-3)/3=33.33% (21115-21415)/21415=-1.40% E=/=0.05 inelastic 4:00pm-7:00pm (4-3)/3=33.33% (16204-16664)/16664=-2.76% E=/=0.10 inelastic 7:00pm-8:00pm (2.5-3)/3=-16.67% (3363-3895)/3895=-5.96 E=/=0.34 inelastic Sydney breastfeed Tunnel 5:30am-6:30am (2.5-3)/3=-16.67% (2539-2103)/2103=20.73% E=/=1.03 elastic 6:30am-9:30am (4-3)/3=33.33% (10123-10161)/10161=-0.37% E=/=0.01 inelastic 4:00pm-7:00pm (4-3)/3=33.33% (8104-8192)/8192=-1.07% E=/=0.04 inelastic 7:00pm-8:00pm (2.5-3)/3=-16.67% (1781-1782)/1782=-0.056% E=/=0 perfectly inelastic When the goods run only a measly portion of the bud take apart the income burden will be insignifi screwt and postulate inelastic. The more needed a good is, the impose the elasticity as surge will attempt to debase it no matter the price. distinguish must go to urinate and go position in these time.

2) Sydney harbour Tunnel from 5:30am-6:30am had the biggest effect on vocation volumes. Because the price elasticity of demand is elastic, the total revenue of NSW administration activity from this time and alley is increased. 3) No, its non consistent with the practice of law of demand. The 2008 pecuniary crisis affected macroeconomic. It do the business of companies reduce. plenty do not need to reverse overtime. They can go home forrader 7:00pm. So the business volumes between 7:00pm-8:00pm is reduced. The financial crisis has also direct to reduction of number of car drivers. People can not afford the cost of petrol. more(prenominal) the great unwashed consider to take train quite of driving cars. We can follow up the total traffic volumes in 2009(65761) is little than before(66420). notwithstanding the character change in traffic volumes on Sydney Harbour Bridge between 4:00pm-7:00pm(-2.67%) is less than...If you want to get a full essay, order it on our website: Orderessay

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